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Building Successful Collections Teams: Strategies for Recruitment and Growth

Qualco

Lending: To manage banking portfolios, one must understand good lending practices and the regulatory framework that governs them. Understanding concepts like legal notices, lawsuits, executable orders, foreclosure and auction is necessary for those working in the legal stages of collections. LEARN MORE ABOUT D3E

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Q1 Industry Insights: Consumers Will Consume, Lenders Will Lend, Delinquencies Will Rise

True Accord

The four key trends we’re studying are: resumed foreclosure activity, extensive medical bills, the end of child tax credits and historically high inflation. Second, the fintech industry continues to grow and evolve to meet the changing needs of consumers, offering more opportunities for financial inclusion and innovative customer experiences.

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Burr & Forman’s Commercial Litigation Practice Grows with Addition of D. Keith Andress and Jade E. Sipes

Burr Forman

Their extensive trial experience enhances our capabilities in Alabama and across the Southeast,” said Ed Christian, Burr & Forman Partner and CEO. Keith’s experience includes breach-of-contract actions, business torts, violations of non-compete agreements, and theft of trade secret matters.

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Tax Sales Proceeds In Excess Of The Tax Owed Must Be Returned To The Taxpayer

Fraser

The ruling stems from a lawsuit filed in Oakland County Circuit Court (the “Circuit Court”), that challenged one part of Michigan’s tax foreclosure law contained in the Michigan General Property Tax Act (the “GPTA”). The case is now headed back to the Circuit Court to determine a remedy. Madison, Jr.

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The Automatic Stay and Bankruptcy

Sawin & Shea

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. An example of this is when the stay is lifted to allow a creditor to continue a foreclosure action against real property or to allow the repossession of a vehicle.

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The Automatic Stay and Bankruptcy

Sawin & Shea

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. An example of this is when the stay is lifted to allow a creditor to continue a foreclosure action against real property or to allow the repossession of a vehicle.

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New CFPB Consent Decree May Highlight Loss Mitigation Issues for 2021

Collection Industry News

The clear priority is helping consumers avoid foreclosure, a risk we know will continue throughout 2021. Some borrowers suffered improper foreclosure activity as a result. implement procedures to ensure that before a foreclosure action is taken it is permitted under Regulation X, 12 C.F.R. b)(2)(i)(B). 1024.41.”.